Home Tags Posts tagged with "the-world-bank-group-young-professionals-program"
Tag:

the-world-bank-group-young-professionals-program

_world-bank-young-professional-program-2020
Internships

The World Bank Group Young Professionals Program (YPP) 2025 (Technical & Managerial roles at the World Bank Group)

by OFA
written by OFA

Application Deadline: September 30, 2024

Applications are now open for the 2025 World Bank Group Young Professionals Program (YPP). The World Bank is looking for prospective Young Professionals (YPs) to join us from around the world with diverse backgrounds, exceptional technical skills, outstanding leadership potential, and a demonstrated commitment to WBG mission and values.

YPs join the World Bank Group as Technical Specialists, Economists, and Associate Investment Officers on an initial five-year term contract, renewable based on performance. During their first two years, they have the unique opportunity to deepen their knowledge and experience through rotational assignments across the World Bank Group.

Additionally, YPs take part in a structured learning and talent development journey through our YP Academy. Key elements include technical and operations training, language programs, negotiation and business skills, and leadership development. YPs also receive one-on-one coaching, connect with mentors, and engage in strategy-focused dialogues with senior leaders.

Eligibility Requirements

  • Date of birth on or after October 1, 1992.
  • Nationality of a World Bank Group member country as demonstrated by your officially issued passport or equivalent document.
  • Over four (4) years of full-time work experience following successful completion of undergraduate studies (doctoral studies and internships in relevant areas may count towards work experience).
  • Completion of a masters-level degree or equivalent in a relevant field, or a higher qualification in a relevant field, before September 1, 2025. If you are pursuing a doctorate, full-time doctoral research studies in a relevant field at an accredited institution may count towards the required work experience, and the degree must be substantially complete with all the written work submitted before September 1, 2025.
  • Excellent command of spoken and written English language (fluency in other languages might be advantageous to your application).
  • You are not a World Bank Group staff member nor are you precluded to apply or join the program by the employment eligibility policy from the time of application to the Young Professionals Program.

How to Apply:

  • The application requires you to select a work program that best matches your expertise and experience.
  • YPs typically join as Associate Investment Officers (IFC), Underwriters/Economists/Technical Specialists (MIGA), and/or Technical Specialists/Economists (IBRD). To support your selection, you will be required to demonstrate your technical expertise and experience (technical depth), ability to work across the World Bank Group and a variety of sectors (technical breadth), and strong leadership potential. Before you begin your application, carefully consider the area you will choose and be prepared to support your selection through your submitted responses and application materials

For More Information:

Visit the Official Webpage of the World Bank Group Young Professionals Program (YPP)

0 comments
0 FacebookTwitterPinterestEmail
_world-bank-young-professional-program-2020
Internships

The World Bank Group (WBG) Young Professionals Program (YPP) 2022 (Technical & Managerial roles at the World Bank Group)

by OFA
written by OFA

Application Deadline: July 15th 2021

The World Bank Group Young Professionals Program (YPP) is a starting point for an exciting career at the World Bank Group. Young Professionals are recruited from around the world with various academic and professional backgrounds relevant to the World Bank, IFC and MIGA. WBG are looking for applicants who demonstrate a passion for international development, graduate education, relevant professional experience, and the potential to grow into impactful leadership roles across our institutions.

The WBG YPP is a two-year leadership development program at the start of a five-year employment contract with the World Bank, IFC or MIGA. Young Professionals (YPs) start the program in Washington, DC, where they engage in intensive training—on-the-job and in the classroom—learning the fundamentals of leadership and development operations across institutions, and how to identify opportunities for joint impact.

Eligibility Requirements

To be considered for the WBG YPP, applicants must:

  • Be born on or after October 1, 1989
  • Have a master’s or doctoral degree*
  • Specialize in a field relevant to YPP Business Areas
  • Demonstrate relevant professional experience or continued study at the doctoral level**
  • Be fluent in English
  • The Bank’s Group recruitment policy is to hire staff of the highest caliber, on as wide a geographical basis as possible, with preference to nationals of WBG member countries or countries of operations.

*Graduate degree requirements:

For World Bank placement: Complete a relevant master’s degree by July 15, 2021 or PhD before September 2022. Fields of study should be related to a World Bank Business Area.

For IFC & MIGA placement: Complete a relevant graduate degree before September 12, 2022.  Fields of study should be related to an IFC or MIGA Business Area, including but not limited to a Master’s of Business Administration (or equivalent), Economics, Finance, International Relations, Science and Engineering.

**Professional experience requirements:

For World Bank placement: Demonstrate 3+ years of relevant experience, or the equivalent in continued study at the doctoral level.

For IFC & MIGA placement: Demonstrate4+ years of relevant experience in finance, political risk insurance and credit enhancement, project/program development, economic development and/or consulting. Certifications such as the CFA are a plus.

KEY PROGRAM FEATURES

Professional Experience YPs are full-time employees, making significant contributions to their respective unit’s work program, while building networks and knowledge across the Bank Group through the YPP. They often join field missions, where they work on the frontlines of WBG operations, learning key aspects of our work and directly engaging with our clients.

Leadership Development Through the WBG YPP curriculum, YPs develop the foundational knowledge to contribute to our business and the competencies to lead. Activities range from leadership and professional development workshops to networking, mentorship and conversations with WBG leadership.

Training on WBG Policies, Products & Operations YPs engage in intensive training on the policies, products and operations of the World Bank, IFC and MIGA. This aspect of the WBG YPP curriculum ensures that YPs know how to operationalize joint WBG solutions to development challenges, and how to retain and apply this knowledge for years to come.

Global Rotations across WBG YPs participate in at least one rotation within their home institution, with some engaging in additional rotations to another institution, with the goal of developing and applying skills across the business. Rotations are a core component of the curriculum, providing YPs the exposure to understand how our institutions work (and can work together) as well as how to align their skills to priority areas, like countries affected by fragility, conflict and violence (FCV), and other challenging environments.

Coaching & Mentoring YPs are assigned several mentors at the peer and departmental level. Mentors can provide advice on various topics ranging from settling into Washington, DC to identifying career opportunities throughout the YP experience, and beyond.

Networking Events In addition to the program orientation and graduation ceremonies, the WBG YPP office organizes regular events for YPs to stay in touch with program alumni, stakeholders and broader WBG staff.

Management Supported Rotations & Job Placements YPs are provided management-level support in their transitions to rotations and post-YPP job placements, ensuring their skills are best placed across the business.

COMPENSATION & BENEFITS

The WBG YPP offers a competitive salary and benefits package as part of a 5-year term contract. Benefits include health, life and accident insurance, a pension plan and possible relocation and mobility benefits depending on WBG guidelines.

Application Procedure

Before applying, ensure that you meet all eligibility requirements and have reviewed the application checklist below, for required material. Applications must be completed in one 90-minute session (it is not possible to save and continue later) by 11:59 PM UTC (Coordinated Universal Time) on the last day of the application period. On the application, candidates must select the institution that they believe best aligns with their skillset (the World Bank, IFC or MIGA). Duplicate applications will not be reviewed and will not increase one’s chances of selection.

APPLICATION CHECKLIST

  • Resume/CV
  • Academic Credentials*
  • 1 Short Essay 
  • Short Summary of Thesis or Dissertation (World Bank candidates, only if applicable)
  • 3 Professional or Academic Recommendations**

*Diploma, Degree Completion Letter, Proof of Enrollment with Expected Graduation Date or Transcript.

**Recommendations will be requested via email during the eligibility screening stage.

Short Essay Question

In 6,000 characters or less, please describe:

  1. Why you are interested in the WBG YPP and in your preferred institution (IBRD, IFC or MIGA);
  2. Why you are the right person for the role; and
  3. How your preferred institution, and the WBG as a whole, should support our clients to contain the impact of COVID-19, working towards a green, resilient, and inclusive recovery

THE INTERVIEW

The World Bank Group is closely monitoring COVID-19 developments. To ensure the safety of our current and prospective staff, the 2021 YPP interviews will be conducted virtually. Activities may include:

  • An assessment center, where you will be asked to participate in individual and group exercises
  • Timed computer-based financial tests

Applicants who are invited to interview will be provided with more detail as the process moves along.

Candidates are assessed based on experience, technical expertise, and competencies such as client orientation, leadership and communication.

For More Information:

Visit the Official Webpage of the World Bank Group (WBG) Young Professionals Program (YPP) 2021

0 comments
0 FacebookTwitterPinterestEmail
Internships

The World Bank Group (WBG) Young Professionals Program (YPP) 2020 (Technical & Managerial roles at the World Bank Group)

by OFA
written by OFA

Application Deadline: June 30th 2019

The World Bank Group (WBG) welcomes all qualified individuals with diverse professional, academic, and cultural backgrounds. Specifically, women and persons with disabilities are strongly encouraged to apply.

The YPP is a unique opportunity for young professionals who have both a passion for international development and the leadership potential to grow in fascinating top technical and managerial roles in the WBG. The program is designed for highly qualified and motivated individuals skilled in areas relevant to WBG technical/operations such as economics, finance, education, public health, social sciences, engineering, urban planning, agriculture, natural resources to name a few.

To be competitive, candidates need to demonstrate a commitment to development, proven academic success, professional achievement, and leadership capability.

Over the years, the YPP has hired over 1,800 people for positions ranging from entry-level to vice presidents and managing directors.

Every year, around 45 to 50 applicants are accepted into the program. Young Professionals are offered a five-year renewable term contract, spend 24 months in a structured development program, and enjoy a variety of benefits and opportunities.

Eligibility

Minimum Requirements

The following are the minimum requirements to be eligible for the Young Professionals Program.

·         Citizenship of a member country of the World Bank Group
·         Be born on or after October 1, 1987
·         A PhD or Master’s degree and relevant work experience
·         Fluency in English
·         Full proficiency in one or more of the WBG’s working languages — Arabic, Chinese, French, Portuguese, Russian, and Spanish — is desired, but not required
·         Specialization in a field relevant to the WBG Technical/Operations such as economics, finance, education, public health, social sciences, engineering, urban planning, agriculture, natural resources, and others
·         At least three years of relevant professional experience related to development or continued academic study at the doctoral level

Additional Qualifications

To be competitive for the limited number of positions, a combination of the following credentials is highly desirable:

·         Display a commitment and passion for international development
·         Possess outstanding academic credentials
·         Exhibit excellent client engagement and team leadership skills
·         Have international development country experience

Program Features

Professional Experience

Young Professionals are expected to make significant contributions toward their unit’s work program while they gain a broad overview of the WBG’s policies and work. As part of their two-year program and in line with their units’ business needs and Young Professionals’ interests, they will undertake a business driven rotational “stretch/exposure” assignment where they will gain valuable on-the-job experience.

Field Work

Young Professionals in the Operations stream are likely to join colleagues on field business trips, also called ‘missions,’ in developing countries. These missions allow Young Professionals to experience firsthand the challenges of global development, understand key aspects of our work, and meet WBG’s clients.

Training

A comprehensive development curriculum has been designed to ensure that YPs develop a WBG mindset, gain the foundational learning needed to understand and contribute to the WBG, and build the competencies required for an entry-level position: collaboration, leadership, integrative thinking, and innovation skills, while strengthening a culture of continuous learning.

The curriculum includes a blend of learning activities in a WBG cohort, small groups or individually. These activities range from onboarding activities, e-learning, cohort discussions with WBG leaders and leadership training, to career development conversations and networking opportunities.

Coaching and Mentoring

YP Buddy: Before they join, Young Professionals are assigned a YP buddy from the previous year’s group, based on their professional interests and cultural background. YP buddies help new recruits to better settle in the new organization and location, as well as to understand the expectations and challenges of the program.

Technical Buddy: In their hiring units, an experienced colleague is assigned as a “go-to person” to answer technical questions in their fields.

WBG Mentor: Once they have settled into their jobs, Young Professionals can be paired with a technical senior colleague who can mentor them on topics such as career options, “stretch/exposure” assignment opportunities, and help them gain insight into the organizational culture.

Youth Program Team: The Youth Program Team is dedicated to recruiting and helping integrate Young Professionals into the WBG. The team coordinates activities designed to support YPs, including mentoring and guidance, helps  develop career strategies, and others. The Youth Program Team is a one-stop shop for Young Professionals looking for support and guidance.

Compensation and Benefits

Salary: As an entry-level professional in the WBG, Young Professionals are offered an internationally competitive salary, based on their education and professional experience.

Health, Life, Accident, and Other Insurance Programs: Young Professionals and their families (including declared domestic partners) may choose from three comprehensive medical/dental benefit plans. The WBG also provides basic life and accident insurance to all staff at no cost, and staff can elect optional life and accident insurance plans. The WBG provides disability and workers’ compensation coverage to staff at no cost.

Pension Plan: The WBG sponsors a comprehensive pension plan for eligible staff. Upon separation from the WBG, either a lump sum or a pension will become payable to the staff based on eligibility.

Relocation and Transportation Benefits

These benefits are only applicable to staff who are not residents of the greater Washington-Baltimore metropolitan area at the time of appointment. The World Bank will bear the cost of one-way transportation of staff and immediate dependent family from the staff member’s residence.

A one-time grant is included in the first paycheck to cover the cost of relocation.

Please note:

1.    Staff Members who are not citizens (or in the U.S. lawful permanent residents) and have resided in the Host Duty Station area for 12 months or more immediately preceding acceptance of (a) appointment; (b) reappointment following a break in service are ineligible for Relocation and Transportation Benefits.

 2.    Staff Members who are citizens (or in the U.S., lawful permanent residents) of the Host Duty Station country and have resided in the Host Duty Station country for 12 months or more immediately preceding acceptance of (a) appointment; (b) reappointment following a break in service; are ineligible for Relocation and Transportation Benefits.

Mobility Premium: A financial benefit is provided for a fixed period to cover expenses associated with being an expatriate staff member, based on family size and nationality. This benefit is not available for U.S. citizens and U.S. permanent residents.

Tax Allowance: U.S. staff receive an additional quarterly payment to cover the federal, state, and local income tax liabilities on their World Bank Group income. Expatriates and U.S. permanent residents do not incur U.S. income tax liability and are thus not eligible for this benefit.

Financial Assistance: The World Bank Group offers several financial assistance programs, including a two-year interest-free settling-in loan to those who relocate upon appointment.

For More Information:

Visit the Official Webpage of the World Bank Young Professionals Program (YPP) 2020

0 comments
0 FacebookTwitterPinterestEmail